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Federal Black Entrepreneurship Loan has officially launched!

02 Jun 2021

Black Canadian business owners and entrepreneurs make important contributions to the Canadian economy, yet they continue to face systemic barriers in starting and growing their businesses.

May 31, 2021 - Today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, and Greg Fergus, Parliamentary Secretary to the Prime Minister, to the President of the Treasury Board and to the Minister of Digital Government and Chair of the Parliamentary Black Caucus, announced that the Black Entrepreneurship Loan Fund is now accepting loan applications.



The loan fund provides financing of up to $250,000 for Black business owners and entrepreneurs so they can grow their businesses and succeed now and into the future.

Eligible businesses must be majority-owned by a Black Canadian and may include start-ups and existing for-profit small businesses in Canada, including sole proprietorships, social enterprises, partnerships or co-operatives. Businesses must have a business number, a business plan, and financial statements or projects for start-ups.

For more information on the loan fund criteria, please see our frequently asked questions and reach out to F.A.C.E with questions.

APPLY HERE: https://facecoalition.com/en

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